Money · 1 of 5
What psychiatrists make
Typical net
$300,000
Part-time or new
$200,000
Full-time hospital plus private
$400,000
CIHI (Canadian Institute for Health Information) reports average gross payments of about $315,000 a year for psychiatry (2023 to 2024), with a median near $285,000. Overhead is low, often under 20%, so most psychiatrists net roughly $240,000 to $330,000. Pay varies by province and by whether you bill per visit or take a salary.